3360 S Ocean Blvd #1-DPalm BeachFL33480
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Palm Beach at 3360 S Ocean Blvd #1-D, Palm Beach, FL, 33480 generates $5,281/mo in rent, after a $8,688/mo payment. Total monthly income is $5,281/mo. Return on cash invested sits at 6.81% in year one, and rental yield is 3.57% on a $1,775,000 entry. Equity gained on principal adds $11,454/yr, while 5% annual appreciation builds toward $490,400 over five years. Five-year ROI reaches 33.1% and total cumulative return in cash sums $190,366. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,281/mo property income rather than buyer’s personal income.
Condo
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33480, Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,178 (100%) |
| Owner Occupied HU | 5,203 (46.5%) |
| Renter Occupied HU | 952 ( 8.5%) |
| Vacant Housing Units | 5,023 (44.9%) |
| Median Home Value | $1,330,313 |
| Average Home Value | $1,415,885 |
Housing Distribution
Address Breakdown
Residential
9,067
Single Family
2,595
Multi-Family
6,472
Businesses
1,475
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Listed by: CHRIS LEAVITT • Douglas Elliman
Mls Name: Douglas Elliman
Mls Provider:
Mls ID: #23-1525